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1450-1480 SW 2nd Ave
Dania Beach, FL 33004
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Excellent Dania Beach location near US-1
- Near shopping, restaurants and entertainment
- Central air-conditioning & heat
- Close to major employment centers
- Attractive unit mix of 2 & 3-bedroom apartments
- Select units have washer and dryers
Executive Summary
The 1450 and 1470 SW 2nd Avenue duplexes are located in Dania Beach, several blocks west of US-1 and just north of Sheridan Street. Each building has a two-bedroom apartment at around 1,000 SF and a three-bedroom apartment with about 1,146 SF. The property was developed in 1980 and is built with concrete block construction. The units have central air conditioning & heat, individual hot water heaters and several units have washer and dryers in the units. The tenants are responsible for the electricity and owners pay for water/ sewer. The trash removal is included in the property taxes.
The property is in an excellent location in Dania Beach which is located in Southeast Broward County. 1450 & 1470 SW 2nd Avenue is a block west of US-1 and east of the Oakwood Plaza whish is made up of 900,000 SF of retail space and includes Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and many more stores and restaurants. Just north of the Oakwood Plaza is Dania Point, a newly developed open-air mixed-use lifestyle center with 750,000 SF of retail space, 950 hotel rooms, Office Space and entertainment areas. Dania Beach is also just south of the Fort Lauderdale/Hollywood International Airport and Port Everglades, which are two of the largest employment centers in Broward County.
The subject property has ample off-street parking for the apartments, private fenced yard and ample green space. The units are currently rented below market, and an investor has the opportunity to increase the rental income by bringing the rents up to market.
The property is in an excellent location in Dania Beach which is located in Southeast Broward County. 1450 & 1470 SW 2nd Avenue is a block west of US-1 and east of the Oakwood Plaza whish is made up of 900,000 SF of retail space and includes Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and many more stores and restaurants. Just north of the Oakwood Plaza is Dania Point, a newly developed open-air mixed-use lifestyle center with 750,000 SF of retail space, 950 hotel rooms, Office Space and entertainment areas. Dania Beach is also just south of the Fort Lauderdale/Hollywood International Airport and Port Everglades, which are two of the largest employment centers in Broward County.
The subject property has ample off-street parking for the apartments, private fenced yard and ample green space. The units are currently rented below market, and an investor has the opportunity to increase the rental income by bringing the rents up to market.
Property Facts
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.32% | Building Size | 4,292 SF |
| Gross Rent Multiplier | 11.73 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NBHD-RES | ||
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 11.73 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,292 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | NBHD-RES |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,800 | 1,000 |
| 2+2 | 1 | $1,650 | 1,000 |
| 3+2 | 2 | $2,538 | 1,146 |
Property Taxes
| Parcel Number | 51-42-03-10-2860 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $333,910 |
Property Taxes
Parcel Number
51-42-03-10-2860
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$333,910
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